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    "Counterattack" In The UK Retail Sales Market: High Growth In Clothing And Footwear Sales

    2016/11/19 10:29:00 34

    Retail Sales Market In The UK

    The National Bureau of Statistics announced Thursday that retail sales rose 1.9% in October, up from 0.1% in September.

    Excluding car fuel sales increased by 2%.

    The two are the highest since July.

    British retail sales grew much faster in October than economists predicted, and cold weather boosted sales of winter goods.

    clothing

    Shoes and shoes have been the biggest increase in more than two and a half years.

    "In October, the cold weather boosted clothing sales, people bought winter clothing, and Halloween helped supermarket sales," said Kate Davies, a statistician at the statistical bureau.

    "The time is right.

    Internet sales

    The strongest growth in five years. "

    Data show British

    Consumer

    It is still in a steady state of expenditure. Before that, even though the referendum in June decided to break away from the European Union, they drove strong economic growth in the next three months.

    Retail sales in October increased by 7.4% over the same period last year, the largest increase since April 2002.

    Internet sales increased by 26.8% over the same period last year, the biggest increase since January 2011.

    Sales of clothing and footwear accounted for 12.5% of total sales, a 5.1% increase of the month, the biggest increase since March 2014.

    Sales of household goods increased by 0.8%, and food sales increased by 0.8%.

    Affected by winter and Halloween, retail sales in the UK increased by 1.9% in October, up 7.4% from the same period last year, the biggest year-on-year increase in nearly 14 years.

    But the Bank of England and many economists believe that the upward trend in retail prices will reduce the disposable income of the public, and the trend of retail sales is not expected to last for too long.


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